A potency tax... LMFAO, only in NY. Anyway, hopefully we see Colorado prices soon. I suppose supply and demand still dictate price and a lot of people are starting to set up shop. That could bring the price down. Competition usually does.
Effective for sales on and after June 1, 2024, the total THC-based (potency) tax rates on adult-use cannabis products have been replaced with a tax rate of 9%. This new rate is imposed on the amount charged for the sale or transfer of adult-use cannabis products by a distributor to a retailer.
So about the same. here. 9% from the distributor, 13% from the consumer. Both taxes are passed on to the consumer regardless SMH. Fucked as well brother! That's a lot of tax SMH
Wow! Now I'm curious... Just Googled it.
A potency tax... LMFAO, only in NY. Anyway, hopefully we see Colorado prices soon. I suppose supply and demand still dictate price and a lot of people are starting to set up shop. That could bring the price down. Competition usually does.
Then I just couldn't leave it alone, so I had to find out what the potency tax really was because my screenshot didn't say.
Source: https://www.tax.ny.gov/bus/auc/
Effective for sales on and after June 1, 2024, the total THC-based (potency) tax rates on adult-use cannabis products have been replaced with a tax rate of 9%. This new rate is imposed on the amount charged for the sale or transfer of adult-use cannabis products by a distributor to a retailer.
So about the same. here. 9% from the distributor, 13% from the consumer. Both taxes are passed on to the consumer regardless SMH. Fucked as well brother! That's a lot of tax SMH
The taxes are cheaper than the fines.. and less painful than jail time
Truer words have never been spoken.
On a side note, some would consider that extortion... Just sayin...😂🤣
I'm willing to be extorted in certain circumstances..
Sure, if it keeps you out of jail. 🤣 #TaxationIsTheft